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AUSTIN-It's one down and one to go for the Park, a 93,312-sf building that signed PlanView to 22,554 sf. The building's 6,000-sf balance is under negotiation. The PlanView lease, typical of Austin's market, has taken about six months to close.
NEW YORK CITY-Papers filed last week by the major World Trade Center insurers spell out the problems with a pending appeal by master leaseholder Larry Silverstein. Meanwhile, his attorneys accuse the opposition of disinterest in rebuilding Lower Manhattan.
SUGAR LAND, TX-Empire Title Co. takes 2,498 sf at Healix Place, a one-year-old office building in Sugar Land. In NASA's hub of Clear Lake, a psychiatrist stays put in his office along Gemini Street.
ROYAL OAK, MI-Mayor Bill Urich says Harbor Cos. will re-evaluate the proposed height of Avalon, a $25-million, five-story condominium project on Woodward Avenue, in response to neighborhood outcry.
LAKEWOOD, CO-Bucking its own corporate trend, Arlington, Va.-based Mills Corp. opens a 1.2-million-sf in-fill project along West Colfax Avenue, near West 6th Avenue, rather than building on the edge of cities ahead of development.
SAN FRANCISCO-An insurance brokerage and a mutual fund company, each in a Downtown office building owned by Equity Office Properties Trust, ink renewal leases for 28,000 sf and 16,000 sf, respectively.
MARTINEZ, CA-Contra Costa County supervisors approve a plan to have Frontier Associates, an Austin, Texas-based consulting firm, train developers, contractors, government planners and others in the local construction industry in "green building" techniques.
PHILADELPHIA-The Johnstown, PA-based REIT's tenants' average sales per sf beat the national average. Meanwhile, net operating income increased 2% in third quarter, based on a 4.1%-rise in base rents compared with third-quarter 2001, and a 1% increase in mall shop occupancy.
LONDON-New laws to speed up property transactions were promised in yesterday's Queen's Speech, which sets out the Government's legislative programme for the coming year. The move has been welcomed by property market commentators.
ATLANTA-The Berkshire, England-based supply chain management firm's 10-year and five-year contracts at two locations in the 1.2-million-sf Southpark complex bring the M.D. Hodges Enterprises Inc.'s 14-year-old property to 90% occupancy.